The Nigeria Civil Aviation Authority (NCAA) has instructed all international airlines flying into Nigeria to strictly enforce the rule requiring passengers to declare any cash or bearer negotiable instruments (BNI) exceeding $10,000 upon arrival.
Airlines must make announcements during flights and provide passengers with declaration forms.
This directive, came after reports of non-compliance, aims to support Nigeria’s fight against money laundering and terrorism financing by aligning with international standards. Airlines are warned that failure to comply could lead to sanctions.
The NCAA’s announcement follows a recent high-profile case where a passenger was convicted for attempting to smuggle over N653 million in undeclared foreign currencies through Mallam Aminu Kano International Airport. The case stressed the importance of this enforcement in strengthening Nigeria’s financial security.
Passengers should prepare to declare large sums of money when flying into Nigeria, and airlines are expected to help ensure compliance by informing travelers before landing. The NCAA will continue monitoring airlines to uphold this rule.
